Free tool · no login

MBA Fees and ROI Calculator: EMI, Total Cost and Payback

Choose one of 68 programmes to load its official total fee and, where published, the median salary of its last reported batch — or type your own figures. Add your living costs and loan terms to see the monthly EMI, total repayment, total cost and a simple payback period. The result is arithmetic on your assumptions, not a salary or placement promise.

By ProCounsel Editorial TeamReviewed by ProCounsel counselling teamLast updated 12 Nov 2026

Official sources only · last verified 12 Nov 2026

Enter the fee, your loan and an expected salary

Start from an institute’s official figures (optional)

Total programme fee (₹)

Living and other costs over the programme (₹)

Your own estimate for rent, food, travel and books if the fee does not cover them. Left blank, it counts as 0.

Education loan amount (₹)

Leave blank if you are not borrowing.

Loan interest rate (% a year)

From your bank's offer letter.

Repayment tenure (years)

Expected annual salary after the MBA (₹)

How does this calculator work?

EMI: the standard reducing-balance formula, EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), with r = annual rate ÷ 12 ÷ 100 and n = tenure in months.
Total repayment = EMI × n; interest = repayment − loan amount.
Total cost = programme fee + your living-cost estimate + loan interest.
Simple payback = total cost ÷ (expected annual salary ÷ 12), rounded up to whole months.

What does this calculator leave out?

It does not include income tax, your living expenses after the MBA, salary growth, scholarships or fee waivers, interest charged during the course (moratorium), processing fees, floating-rate changes, or the salary you give up while studying. The median salary is from a past batch’s official report: half that batch earned less. Use the result to compare options and plan a loan, not to predict what you will earn. No admission, placement or salary is guaranteed.

How do official fees compare with median salaries?

Programmes with both an official total fee and an official median salary, ordered by fee as a multiple of the median (gross, before tax). The lowest multiple is 0.07 at TISS Mumbai. Fees and salaries come from different years and cover different things; read each institute’s note.

Official MBA fees against median salaries
Institute	Total fee	Median salary	Fee ÷ median
TISS Mumbai	₹2.04 lakhsource	₹28 lakh (2026)source	0.07×
FMS Delhi	₹2.6 lakhsource	₹29.59 lakh (2026)source	0.09×
SVIMS Indore	₹1.72 lakhsource	₹4.5 lakh (2025)source	0.38×
DMS IIT Delhi	₹12 lakhsource	₹22.51 lakh (2025)source	0.53×
SJMSOM IIT Bombay	₹15.56 lakhsource	₹26 lakh (2026)source	0.60×
IIM Mumbai	₹21 lakhsource	₹34 lakh (2025)source	0.62×
IIM Lucknow (MBA)	₹20.5 lakhsource	₹32.9 lakh (2026)source	0.62×
IPS Academy IBMR	₹2.76 lakhsource	₹4.05 lakh (2024)source	0.68×
IIM Ahmedabad	₹27.5 lakhsource	₹37 lakh (2026)source	0.74×
IIM Bangalore	₹26 lakhsource	₹34.75 lakh (2026)source	0.75×
SPJIMR	₹24.86 lakhsource	₹32.85 lakh (2026)source	0.76×
IIM Calcutta	₹27 lakhsource	₹35 lakh (2026)source	0.77×
PIMR Indore	₹3.8 lakhsource	₹4.74 lakh (2025)source	0.80×
IIM Kozhikode	₹23.5 lakhsource	₹27.5 lakh (2025)source	0.85×
MDI Gurgaon (PGDM)	₹26.55 lakhsource	₹29 lakh (2026)source	0.92×
IISWBM	₹8.3 lakhsource	₹9 lakh (2025)source	0.92×
IIM Indore	₹24 lakhsource	₹25 lakh (2026)source	0.96×
SIBM Pune	₹26.2 lakhsource	₹27 lakh (2026)source	0.97×
IIM Rohtak	₹17.9 lakhsource	₹18 lakh (2026)source	0.99×
IIM Ranchi	₹19.2 lakhsource	₹18 lakh (2026)source	1.07×
IIM Tiruchirappalli	₹19.5 lakhsource	₹18.1 lakh (2024)source	1.08×
IIM Raipur	₹20.08 lakhsource	₹18.4 lakh (2025)source	1.09×
MDI Gurgaon (PGDM-HRM)	₹26.55 lakhsource	₹23 lakh (2026)source	1.15×
WeSchool	₹14 lakhsource	₹11.78 lakh (2025)source	1.19×
Praxis Kolkata	₹11 lakhsource	₹9 lakh (2026)source	1.22×
IIM Nagpur	₹21 lakhsource	₹16.32 lakh (2026)source	1.29×
SCMHRD	₹25.82 lakhsource	₹20 lakh (2026)source	1.29×
IIM Sambalpur	₹19.55 lakhsource	₹15.03 lakh (2025)source	1.30×
IMI New Delhi	₹23.54 lakhsource	₹17.38 lakh (2026)source	1.35×
IMT Ghaziabad	₹23 lakhsource	₹16.5 lakh (2026)source	1.39×
IIM Kashipur	₹20.8 lakhsource	₹14.47 lakh (2025)source	1.44×
IIM Jammu	₹22.81 lakhsource	₹15.8 lakh (2025)source	1.44×
IIM Sirmaur	₹21 lakhsource	₹14.2 lakh (2025)source	1.48×
IIM Bodh Gaya	₹17.96 lakhsource	₹12.12 lakh (2025)source	1.48×
Jaipuria Indore	₹13.5 lakhsource	₹9 lakh (2025)source	1.50×
MICA (PGDM-C)	₹29.5 lakhsource	₹19.57 lakh (2026)source	1.51×
IIM Amritsar	₹19.5 lakhsource	₹12.29 lakh (2025)source	1.59×
IIM Visakhapatnam	₹23.59 lakhsource	₹14 lakh (2026)source	1.68×
KJSIM	₹23.88 lakhsource	₹12 lakh (2026)source	1.99×
SIBM Hyderabad	₹17.52 lakhsource	₹8.2 lakh (2025)source	2.14×

Frequently asked questions

How is the EMI calculated?

With the standard reducing-balance formula banks use: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments. Your bank's figure can differ if it charges interest during the course (moratorium), fees or a floating rate.

What does 'simple payback' mean here?

The number of months of gross (pre-tax) salary that add up to the total cost: fee, your living-cost estimate and the loan interest. It ignores tax, your living expenses after the MBA, salary growth and the income you give up while studying, so the real time to recover the cost is longer. It is a rough yardstick for comparing options, not a forecast.

Why is the salary prefilled with a median?

Because it is the only salary figure institutes publish consistently. It is the median of a past graduating batch from the institute's own placement report, and the year is shown. Your salary may be higher or lower; change the figure to whatever you think is realistic.

Where do the fees come from?

From each institute's own fee document, linked under the figure. Fees cover different things (some include hostel and food), so read the note before comparing. You can always type your own figure instead.

Do you store what I enter?

No. The calculation runs in your browser and nothing you type into the calculator is sent anywhere. Sharing your phone number in the callback form is optional.

Talk to an MBA admission counsellor

Get help choosing where to apply after CAT, XAT, SNAP, NMAT, CMAT or MAH-CET, and with direct-admission options at private colleges. Free call, no login needed. We guide; admission decisions are always the institute's.

MBA admission counselling Try the CAT college predictor

Sources

Official documents used on this page, last checked on 12 Nov 2026.